August 29, 2025
Color Group reported satisfactory results for H1 2025, despite fewer passengers and freight units compared to 2024.
- Revenue: NOK 2.9bn (down NOK 30m vs 2024)
- EBITDA: NOK 255m (vs NOK 389m in 2024, which included a NOK 45m one-off gain)
- Volumes: 1.6m passengers, 76,000 freight units (12-m equivalents)
CEO Trond Kleivdal
- Demand for routes and products remains high.
- Lower activity due to:
- Extended shipyard stays for environmental upgrades.
- Weak freight market.
- Reduced travel appetite in Norway from weak krone.
- Group expects a satisfactory annual result. Growth expected in foreign markets.
- On track with green transition and digital transformation.
Kleivdal warned of rising climate costs hitting the industry:
- EU Emissions Trading System already adds significant costs.
- IMO rules from 2028 could lead to double taxation on emissions.
- Calls on Norway to ensure the industry is not unfairly exposed.
Click on the cover below to access the report
